December, 2020

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Cliniko – Writing off bad debts

The Savvy Bookkeeping Blog

Most of us have had to do it at one stage or other – writing off an invoice issued to a customer because we are just never going to get payment. Writing off bad debts is relatively straight-forward in Cliniko.

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Common Accounting Mistakes: Government Edition - Issue #12 R&D

SMB Accounting and Consulting

Many small business federal contractors begin with research and development (R&D) contracts or grants as part of the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs. These programs are offered by the government to encourage innovation with the potential for commercialization. These programs often result in technology or products that begin with government use and then become commercial items.

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What Gartner Gets Right About Cloud Cost Optimization (and Where They Miss) | CloudZero

CloudZero

Earlier this year, Gartner published “ How to Manage and Optimize Costs of Public Cloud IaaS and PaaS ,” by analysts Marco Meinardi and Traverse Clayton.

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Levering Your CFO to Drive SaaS Company Growth

Sage Intacct

Despite the role that CEOs, CTOs, and product managers play in a startup’s success, finance is the only department in a SaaS startup that touches every part of the customer journey. With a unique money-focused perspective, finance employees have access to data across every type of product and customer. So while SaaS CFOs are not the most talked-about startup leaders, they can have a huge impact on the business.

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Breaking Ground on Better Payment Processes: Strategies for Construction Pros

Speaker: Timothy Allsopp

Payment challenges often lead to delayed projects, financial bottlenecks, and strained relationships. With construction projects becoming more complex, outdated processes are no longer sustainable. By refining financial workflow, companies can improve cash flow, reduce error, and foster trust between stakeholders. Discover practical strategies for redesigning payment systems to overcome workflow challenges while creating a smoother, more reliable process for contractors and subcontractors alike.

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5 Accounts Payable Software Insights You May Not Know

AvidXchange

As a financial professional, you may have a general insight of what accounts payable (AP) software is and how it can benefit your business. But there may be key details you haven’t seen. Here are five important insights — that you may not be aware of — that can make a big difference in your understanding of this market. 1. Cost Savings Tend to Be Underestimated You’ve probably seen different numbers about the cost savings that AP automation can provide.

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WEBINAR: Hiring and Thriving with Remote Staff in 2021

accountingfly

Are you looking for best practices managing a remote team? You have come to the right place. On December 21, 2020, Accountingfly Co-Founder Jeff Phillips, walks you through the best practices of finding, selecting, and hiring remote staff, so you’re ready to grow your team. Learn how to optimize your remote accounting team, by motivating and managing your remote staff In these modern times.

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Common Accounting Mistakes: Government Edition - Issue #11 What is GAAP?

SMB Accounting and Consulting

Many small business government contractors are exempt from complying with cost accounting standards (CAS) and defined by the code of federal regulations (CFR). However, compliance with generally accepted accounting principles (GAAP) is required. What exactly is GAAP? GAAP are a set of accounting principles established by the Financial Accounting Standards Board (FASB) to provide clarity, consistency, and comparability of financial reporting and information.

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3 Times CloudZero Helped Real Companies Take Action With Cloud Cost Intelligence | CloudZero

CloudZero

Please note, for customer privacy we have removed any identifying information.

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Meka Leka Hi Meka Hiney Ho 2021 Is A Go

Cloud Accounting Podcast

Sponsors OnPay: [link] ClockShark: [link] Financial Cents: [link] Show Notes 4:05 - 2019 Predictions! Also, Isaac Asimov predicted the computer automation revolution, Mindbody to be sold, senators prod regulators on FinTech, and what’s new in QBO [link] 5:23 - Bookkeepers are embracing the role of trusted advisor [link] 7:07 - Elevate Messaging & Safety with Zoom Phone SMS, Reporting & E911 Enhancements [link] 8:13 - The best and worst 2020 predictions (and some of our own) [li

CPA 40
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Survey Reveals Widespread Distrust in Financial Data — Here’s How You Fix It

AvidXchange

We live in a sophisticated digital age where finance professionals have access to financial data we could only dream about 10 years ago. But surprisingly enough, there’s not much faith behind those numbers. In Trintech’s recent survey of global financial leaders, 40 percent said they don’t trust the accuracy of their financial data. In another report, Workday’s CFO Indicator Survey 2020 , 63 percent of CFOs reported frequent conflicting data between their finance and operations teams.

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The Growth Architect: How Financial Leaders are Unlocking Potential

Speaker: Ashley Harlan, MBA

What if your role as a fractional CFO went beyond operational support to actively shaping the future of your clients’ businesses? 💼 ✨ In this session, discover how fractional finance professionals can position themselves as architects of growth, guiding their clients toward sustainable success and preparing them for full-time financial leadership.

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WEBINAR: Hiring and Thriving with Remote Staff

accountingfly

How do you manage a remote team? Is it different than my office-based team? YES. On January 25, 2021, Accountingfly Co-Founder Jeff Phillips, walks you through how to optimize your remote accounting team, including how to motivate and manage remote staff, how to organize and communicate with your team, and how to increase productivity. Learning Objective: Determine to get ahead with a remote accounting team Identify ways to manage and motivate your staff while working remotely Recognize how

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November Spend Insights Report Depicts Increase in Spend Risk

Oversight

Organizations continue to experience notable shifts in employee spending behaviors and trends during the current COVID-19 pandemic and almost universal transition to working from home. In our recent November Spend Insights Report, we shared some eye-opening findings uncovered during the third quarter of 2020.

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BONUS | Karmin Bailey - IMA's D&I Toolkit

IMA's Count Me

IMA Diversity & Inclusion: [link] D&I Toolkit Press Release: [link] The D&I Toolkit: [link] Contact Karmin Bailey: [link] Karmin Bailey, Senior Manager, Procurement & Business Diversity at Columbus Regional Airport Authority and member of IMA's Diversity & Inclusion Committee, joins Count Me In to talk about the IMA® (Institute of Management Accountants) Diversity and Inclusion Toolkit.

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3 Things Garter Says Are Difficult About Cost Management and Optimization That CloudZero Makes Easier

CloudZero

Earlier this year, Gartner published a report called “ How to Manage and Optimize Costs of Public Cloud IaaS and PaaS.”.

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2025 Payroll Calendar Templates (Biweekly, Semi-Monthly, and Monthly)

Use these handy calendar templates to stay on top of payroll in 2025! Download them today to share with your HR team or post for employees. Whether your company has biweekly, semi-monthly, or monthly pay periods, Paycor has you covered. Get your templates today!

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LegalZoom Launching Bookkeeping and Tax Services

Cloud Accounting Podcast

Sponsors OnPay: [link] ClockShark: [link] Ceterus: [link] Show Notes 3:56 - The Top 10 PPP changes in the pending Bipartisan Emergency COVID Relief Act of 2020 [link] 5:08 - LegalZoom Finance and Accounting Careers [link] 6:45 - LegalZoom Names Daniel Wernikoff Chief Executive Officer [link] 6:50 - LegalZoom Grows Leadership Team with Appointment of New Chief Product Officer and Chief People Officer [link] 7:07 - LegalZoom Names Shrisha Radhakrishna as Chief Technology Officer [link] 7:11 - Le

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AvidPay AP Software Liberates Housing Provider from Thousands of Paper Checks

AvidXchange

Erin Jaskiewicz, the accounts payable (AP) manager with Campus Apartments , was aware of the problems in her department that were preventing her company from achieving its growth goals. Luckily, AvidXchange’s AvidPay AP software helped set the company on a more efficient path to success. She and her teammates were routinely deluged with 800 paper checks to be processed each week for 250 vendors.

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Congress Closing in on Additional COVID-19 Relief

NACM

As of the morning of Dec. 17, Congress has yet to reach a final deal on the next COVID-19 relief package and omnibus government funding bill, but leadership worked through the night and has reportedly made significant progress. All signs point to a deal on Friday or over the weekend, averting a government shutdown and providing some COVID-19 relief.

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How to Get Professional Tax Return Preparation Services?

Billah and Associates

Tax preparation can be a challenging task. There are so many things involved. If you have the right idea about personal tax preparation, you can fill it with some hassle. However, filing corporate tax is tricky. For that, taxation services are of great help in minimizing the complications. Tax preparation Mississauga is helpful because of various factors.

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From Start to Scale: Driving Growth Through Seamless Payments Implementation

Speaker: Michael Veatch, Senior Director, Implementations & Ella Aguirre, Director of Solution Consulting

Embedding payments can be a transformative step for software companies looking to enhance their platform capabilities, boost customer satisfaction, and drive long-term growth. However, the success of payments hinges on a single thing: implementation. Drawing on real-world insights and experiences, payments implementation experts Michael Veatch and Ella Aguirre will explore actionable strategies that can lead to a transparent, friction-free launch and mitigate potential challenges like technical

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Ep. 103: Matthias Tillmann - Managing Industry Disruption & Crisis Management

IMA's Count Me

Contact Matthias Tillmann: [link] Trivago: [link] FULL EPISODE TRANSCRIPT Adam: (00:00) Welcome back to Count Me In , IMA's podcast about all things affecting the accounting and finance world. I'm your host, Adam Larson. And I'm here with episode 103 of our series. Today's expert guest is Matthias Tillmann, CFO of Trivago. In this episode, he speaks with Mitch about how COVID-19 crisis impacted the travel industry and speaks to the various crisis management plans he implemented to maintain oper

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Cost per Tenant: A Key Part of the AWS Well-Architected Strategy SaaS Lens

CloudZero

Multi-tenancy is one of the key properties of any effective SaaS solution. It gives companies the economies of scale, elasticity, and operational efficiency to offer competitive products with strong margins.

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PPP 2.0 and Everything You Need To Know with Justin Elanjian of Aprio

Cloud Accounting Podcast

Show Notes 2:58 - Additional Expenses eligible under PPP Loan forgiveness 4:42 - Tax implications of PPP forgiveness 07:15 - Simplified loan forgiveness applications and documentation requirements 10:12 - Allotment for the 2nd round of PPP funds 10:45 - Eligibility requirements for PPP 2.0 14:55 - The Top 10 PPP changes in the pending Bipartisan Emergency COVID Relief Act of 2020 [link] 15:55 - How Aprio's PPP team got down to business 19:00 - Find a wealth of PPP resources with Aprio's Covid

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Invoice Processing Delays Affecting More Than 50 Percent of Businesses During Pandemic, New Survey Finds

AvidXchange

AvidXchange recently surveyed more than 500 U.S. business leaders ranging from middle management to C-level executives to learn about their challenges and priorities as they gear up for 2021. Unfortunately, we weren’t all that surprised to learn 52 percent of those surveyed have experienced invoice processing delays during the pandemic. That same percentage (52 percent) said the process of securing payment approvals while working remotely was the biggest reason for those delays.

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Less Stress, More Success: Accounting Best Practices & Processes for 2025

Speaker: Duke Heninger, Partner and Fractional CFO at Ampleo & Creator of CFO System

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Duke Heninger, a seasoned fractional CFO and CPA passionate about transforming back-office operations for finance teams. This session will cover critical best practices and process improvements tailored specifically for accounting professionals.

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Steady Construction Input Prices Could Change in 2021

NACM

Contractors saw a 0.5% decline in construction input prices in November, a slight increase over the prior year. Although Associated Builders and Contractors (ABC) Chief Economist Anirban Basu described the price drop as "a natural growth of a strong economic rebound," there's still a possibility of a resurgence in prices next year.Softwood lumber w.

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The Evolution of Cloud Cost Optimization — and the Next Strategic Advantage | CloudZero

CloudZero

Every CEO is looking for an edge.

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What Is Profitable Innovation and How Can Your Business Achieve It?

CloudZero

In the context of businesses, the ultimate goal of innovation for technology companies is to drive a profit.

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2020 State of DevOps Report: The Newest Metric To Make It Into the DevOps Evolution

CloudZero

Every year, I look forward to the release of the annual State of DevOps report (that’s the kind of exciting life I lead!). The evolution and adoption of DevOps in the past decade has been incredible — and this report always helps show what’s the next big thing that high-performing teams are adopting. The 2020 State of DevOps report was just released a couple weeks ago and as usual, it was filled with all kinds of insights.

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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

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2020 in Review: Turbulent Year Signals Turning Points in Fintech Industry

AvidXchange

Historians will undoubtedly look back on 2020 as a turning point in world history. It was turning point in global health conditions, in business dynamics, in the direction of markets and industries and in how and where people live and work. 2020 will also be remembered by business historians, and finance professionals such as yourself, as a turning point in the fintech industry.

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David and Blake Miss the Mark on PPP

Cloud Accounting Podcast

Sponsors OnPay: [link] ClockShark: [link] Synder: [link] Show Notes 3:31 - Apps We Love: November 2020 – Our Favorite Podcasts [link] 7:06 - Listeners let us know - sometimes, we miss the mark, especially when it comes to tax, audit, and even our favorite subject - PPP 11:19 - Mnuchin's Stimulus Includes Business Protections | PYMNTS.com [link] 13:42 - BeachFleischman names Majchrzak next CEO [link] 15:15 - The case of the extra paycheck | Tax Pro Center | Intuit [link] 17:58

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Ep. 102: Liv Watson & David Wray: Non-Financial Standards Digitizing Transformation and Sustainability Reporting

IMA's Count Me

Contact Liv: [link] Contact David: [link] IMA's Paper - [link] FULL EPISODE TRANSCRIPT Mitch: (00:00) Hey everybody, welcome back. This is episode 102 of Count Me In , IMA's podcast about all things affecting the accounting and finance world. I'm your host Mitch Roshong and I'm here to open up today's conversation by reintroducing you to Liv Watson & David Wray.

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BONUS | Kavya Ramesh - CMAs Making a Difference

IMA's Count Me

Contact Kavya Ramesh: [link] IMA Life: Earn What You Deserve, by Kavya Ramesh: [link] IMA Launches Global Ad Campaign to Highlight How CMAs Make a Difference in Business: [link] Watch IMA’s “The CMA makes all the difference” television commercials on YouTube: [link] FULL EPISODE TRANSCRIPT Mitch: (00:05) Welcome back to Count Me In , IMA's podcast about all things affecting the accounting and finance world.

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Back to Basics with Reconciliations

Join us in this webinar, where we share best practices on how to think about the reconciliation work each month, when best to do reconciliations, how they should be prepared, and some common pitfalls to avoid. Learning Objectives: This course objective is to understand how to properly prepare and review balance sheet reconciliations and its impact on the financial statements.